Dongwha Pharmaceutical and its labor union have announced a declaration of cooperation aimed at fostering mutual growth and collaboration. Both parties emphasized the importance of prioritizing customer value while strengthening trust and communication to establish a foundation for sustainable growth.
On July 8, Dongwha Pharmaceutical and its labor union revealed their declaration, which seeks to enhance mutual trust and cooperation while promoting sustainable growth. The initiative is designed to create a progressive labor-management relationship based on trust, consideration, and communication, with a focus on customer value as the top priority.
Both sides agreed to reflect the opinions of employees in management decisions based on mutual respect and open communication, fostering a corporate culture where employees grow together. The labor union committed to actively participating in the company's growth through dialogue and collaboration, while also working to continuously develop a culture of labor-management harmony. Management pledged to respect the value of labor and work towards the company's growth and development, promising to share the results with employees.
Dongwha Pharmaceutical and its labor union plan to actively collaborate on global business expansion and diversification, following the establishment of a new headquarters at the site of the company's founding in 1897, which marked the beginning of a third phase of growth. The company has maintained over 50 years of non-conflict negotiations since the labor union was founded in 1975.
Yoon In-ho and Yoo Jun-ha, co-CEOs of Dongwha Pharmaceutical, stated, "The continuous growth of the company starts with the trust and cooperation of all employees. We will closely communicate with the labor union to create a workplace where members feel pride and happiness."
Meanwhile, Dongwha Pharmaceutical reported a consolidated revenue of 130.6 billion won in the first quarter of this year, a 3.9% increase compared to the same period last year. Operating profit for the same period reached 11.2 billion won, up 394.8%.
* This article has been translated by AI.
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